Updated (12.03.2019)
Upaycard has never issued payment cards to Minexpay, but to lithuanian company UAB KRISTOLINIS DUGNAS. That company Minexpay illegally used as a cover,shell company for theirs illegal activities. Minexpay used UAB KRISTOLINIS DUGNAS account illegally,without Upaycard knowledge, plus Minexpay were sending cards to countires out of EEA zone ,despite Upaycard license covers only EEA.
Minexpay did massive violations of Upaycard and Mastercard rules and regulations and it was caught in it. UAB KRISTOLINIS DUGNAS account is suspended indefinetely and Minexpay illegal non-branded payment card program is over.
SummaryEvery new attempt to deliver what they promised leads to a new shady and scammy company. They are blatant scammers.
All the Info:The team behind
https://minexpay.com/ and Minexcoin
https://bitcointalk.org/index.php?topic=1847292.0 is promising to release a creditcard.
First they wrote that it will work this way.
https://faq.minexpay.com/article/237-how-does-minexpay-workHow does MinexPay work?
All MinexPay cards are issued by our own offshore bank with an international license (category B), established and managed by MinexSystems. By ordering a MinexPay card, each client becomes a participant in the trust fund and, at will, transfers their assets to be managed by the fund.
The fund, based on the value of said assets, acts as a guarantor of the corresponding credit limit (opened by the bank for the cardholder).
Fees associated to that guarantee are 0.01% per year.
When a client spends his credit limit, the fund immediately sells the cardholder's crypto-assets at an exchange rate defined on Coinmarketcap.com (at the time of payment).
After the sale, the client’s available balance is updated accordingly.
Then nothing happend and they just promised to reveal the name of the bank "soon".
And then they did not open their own bank. Instead they announced a partnership.
Written in a blog post (
https://medium.com/minecoin-blog/%C4%8Dsob-bank-partnership-the-roadmap-and-cards-shipping-update-8cc5a7372822)
MinexPay Signs a Contract with ČSOB Bank
We are pleased to announce that we’ve made a deal with ČSOB bank for the first MinexPay cards. ČSOB is one of the largest commercial banks operating in the Czech Republic since 1964. This bank has enhanced its considerable experience with openness towards forward-thinking technologies such as blockchain.
But this partnership is not real.
https://twitter.com/CSOB_CZgoogle translated
"We have to rebut the claim of @minexcoin, which has announced that we have recently entered into a contract that allegedly relates to payment cards. We have not made any such business with Minex Pay and do not cooperate with Minex Pay in other areas."
And the answer from the team is just an other excuse
Bank partnership clarification
Currently, we are experiencing a misunderstanding about the partnership between our party and the bank. We assure that we have signed the contract with the help of the bank affiliate company. According to the documents with the bank, the MinexPay trademark is not disclosed. MinexPay is not an entity, but a trademark that cannot sign contracts by default.
We are preparing more clarifications on the issue to inform our communities as soon as possible.
and then this:
MinexPay official statement: ČSOB bank partnership
Dear community, we have faced a misunderstanding regarding our relationship between MinexSystems and ČSOB bank. As you know, we have recently revealed the news that we have successfully signed a contract with the bank for our card project, MinexPay. However, the bank has posted a short statement denying this contract. We want to clarify this situation in this post.
Chain2pay company, registered in Estonia, has obtained licenses for working with cryptocurrencies. There is a valid contract between Chain2Pay and card program manager. At the same time, there is an agreement between the card program manager has a deal with the card issuer. Finally, the card issuer has a signed contract with the bank.
MinexSystems is working directly with the card program manager that is acting as a bridge between our company and the bank.
In this situation, the card program manager has announced the name of the bank. And here’s where the misunderstanding arises, as the bank has no information about the MinexPay trademark.
Currently, we are negotiating with the bank to clarify the situation.
William (Bill) Shipley - Founder & CEO - Chain2Pay Advisors ...
Chain2Pay develops and delivers strategic and technical solutions that facilitate the electronic exchange of value. We provide on-the-ground, practical experience across the financial services ...
linkedin.com/in/wtshipley
https://www.e-krediidiinfo.ee/14569426-CHAIN2PAY%20OÜ
Asutatud:
18.09.2018
Põhikapital:
2 500 EUR
E-post:
bob.minex@gmail.com
Asutatud=founded
https://krediidiraportid.ee/borys-shulyayevBorys Shulyayev on seotud järgnevate ettevõtetega: CHAIN2PAY OÜ
Isikuga seotud ettevõtetes maksehäireid ei tuvastatud.
Borys Shulyayev is involved in the following companies: CHAIN2PAY OÜ
There were no payment delinquencies in the affiliated companies
and we are back at the beginning.
https://medium.com/minecoin-blog/meet-the-minexdreamteam-fe2083340677Our founders and evangelists of all things that we do. Still the same:
Boris Shulyaev
Founder and CEO
They tried to find a way out after the bank wrote that there is no relationship.
https://medium.com/minecoin-blog/minexpay-official-statement-%C4%8Dsob-bank-partnership-cfd0845d9468...
Finally, the card issuer has a signed contract with the bank.
....
Currently, we are negotiating with the bank to clarify the situation.
The answer of the bank via twitter:
https://twitter.com/CSOB_CZ/status/1049952364222967808Znovu musíme reagovat. Se společností MinexPay (@minexcoin) ani se společností Chain2pay (pan Boris Shulyaev) nespolupracujeme. Nikdo nás ani nekontaktoval, aby situaci vysvětlil. Podobná prohlášení potenciálně ohrožují naši značku a jsme připraveni se proti nim bránit.
google.translate =>
Again we have to respond. We do not cooperate with MinexPay (@minexcoin) or Chain2pay (Mr. Boris Shulyaev).
Nobody even contacted us to explain the situation. Such statements are potentially threatening our brand and we are ready to oppose them.
And then this. An other attempt
https://twitter.com/NovariseSecrecy/status/1050370446800113665Novarise S A Limited is the Program Manager contracted to deliver the prepaid card program on behalf of MinexPay/Chain2Pay.
Following a review of recent Tweets, we would like to take this opportunity to clarify the status of the MinexPay/Chain2Pay application.
As an intermediary provider, we work closely with the Card Issuance company who in turn collaborates with the source Bank.
It is not unusual that the Bank has no knowledge of MinexPay/Chain2pay. The provision of services is between Novarise S A Limited/Chain2Pay/Card Issuer.
OK there are four/five steps.
1. Chain2pay
2. MinexPay
3. Novarise S A Limited
4. unknown Card Issuance company
5. unknow source Bank.
Can you guess what the bank aswered?
Great images
mr.pacy.mf thank you for your efforts in exposing these scammers.
As soon as ČSOB confirm the Novarise Secrecy lie please update here.
And what yout Novarise Secrecy aka ABS i-account?
Check this:
https://bitcointalk.org/index.php?topic=5046331.msg46957627#msg46957627You may ask if there are still minexcoin supporters.
Yes there are.
One of them is
TeMHuK (
https://bitcointalk.org/index.php?action=profile;u=840028)
You can see him in this video together with the founder.
https://www.youtube.com/watch?v=500_N9z3SMI&feature=youtu.beHe is writing PMs with threats to users that think and write that all the Minexcoin-stuff is just a scam.
==============
==============
The scammer fool Temhuk sent me a PM saying he and his scammer friends "will do everything to destroy my reputation" I received a message from Temhuk, the first he sent me. I replied asking him to own up to being a scammer.
He sent me another message (second one) but he lied again. I told him he is a liar and that I will try to save people from investing in Minecoin.
Thats why I wanted to know why I dont get threats because i opened this topic.
The answer was:
because I have no idea who you are.
Meanwhile the official account just post this:
MinexPay card allows you to instantly pay with different cryptocurrencies directly at any POS terminal, just like with your ordinary payment card.
We are wondering, how are you going to use it? Share your plans with us!
And to make things even worth abs-iaccount.com down. What will Minex do/say?
account suspended
NOVARISE S.A /
https://abs-iaccount.com/ has mystically gone...
Lets see what happens next.
TeMHuK left me this trust rating:
Scammer. Be aware of him.
This is a good way to defend Minexcoin.
The next step is:
MinexPay official statement about recent events with card manager company and bank partnership:
Dear community,
As you may now from our past posts and announcements, we have signed a contract with a card manager company as an intermediary for Chain2Pay (MinexSystems' subsidiary) to issue the first MinexPay cards in partnership with the bank.
According to the contract terms working card program (including the cards issued and sent to us) would have been launched not later than on the 24th of October to our costumers' pleasure.
As soon as this date have passed, the terms were not fulfilled and misunderstanding happened between the bank and us. We had to terminate the contract and suspend a relationship with the intermediary as suspicious. We want to abstain from comments regarding the third party's workflow, despite we fully understand it caused unpleasant consequences such as disinformation and certain accusations. Regarding the contract termination we will take down the bank mentions from our social media channels and blog as irrelevant (today EOD), the bank notified.
We hope that all the affected parties, especially the bank and our community, will take this information with understanding.
We want to point once again that in spite of difficulties we continue our work for MinexPay cards and, as MinexSystems CEO previously mentioned in our Telegram chats, successfully found new partners that value transparency and honesty to make it happen in the legal landscape for which we stand.
With regards,
MinexSystems
So they stopped to work with all the partners they had to release the card.
suspicious: Dont blame others please.
And now they want to try it again.....
Cards have been sent.Has received my tracking today, very pleased.
After thorough investigation I have additional informations which will completely debunk this payment cards drama:
- If you carefully look at the card presented on Telegram as Minex card you will see on the bottom of the card a name
UAB KRISTOLINIS DUGNAS But this is not a name of some person ,
but name of Lithuanian Human resources company !!
What happened?
Boris made illegal, secret deal with owner of this Lithuanian company.
UAB KRISTOLINIS DUGNAS company(eng translation CRYSTAL BOTTOM,strange name for HR company) will present Boris customers as theirs recruiters-workers.
This Lithuanian company made a contract with UPAY(probably had it already), not Boris company.
Same Lithuanian company probably provided false residence documentation for Minex non-EEA members.
Most certainly UAB KRISTOLINIS DUGNAS company didnt do it for free ,but for some arranged percentage, they will illegally give Boris full control under theirs account on UPAY, which has no clue about this secret deal.
This is so illegal and not only some agreement breach, but criminal behaviour. Who will get them first UPAY,Mastercard,FCA or Lithuanian authorities ,we will see.
Unfortunately ,this is Minex self-destruction made by completely irresponsible and reckless acts of owner and his mens.
https://www.visalietuva.lt/en/company/uab-kristolinis-dugnas - KRISTOLINIS DUGNAS company registration data
http://www.kursurasti.lt/lt/katalogas/veikla-nezinoma/kristolinis-dugnas-uab.html - same as above
http://kristolinisrecruitment.lt/terms.html - UAB KRISTOLINIS DUGNAS company site
And here more
information about UAB KRISTOLINIS DUGNAS .
The ANN-topic has been locked.
https://bitcointalk.org/index.php?topic=1847292.msg48933752#msg48933752Dear users!
We are notifying you that the current Minexcoin topic will be closed.
We have faced a large number of baseless accusations and threats.
BBT moderators are simply absent in the topic since they did not react in any way to this crucial issue and our complaints.
To avoid fast spreading FUD, the official Minexcoin topic has been moved to selfmoderating topic.
Please follow the link and join our official Minexcoin channel
https://bitcointalk.org/index.php?topic=5090539How are these cards "working".I think the minexcoin card activation is subject to minimum amount of minexcoin to be locked to use those tariff offered. But @thurderjet do you have idea how they will set those limit on each card
Minexpay imposed theirs own tariffs and limits. Original Upaycard does not have such division on special tariff plans,it has its own unique fees and limits.
As I know Minexpay imposed artificially division of cards on special tariffs,described before on theirs site - Standard, Gold, Platinum and Infinite.
Due to different limits between Upaycard and Minexpay tariffs, Minex Platinum and Infinite tariffs cant have max.daily withdrawal limits of EUR 5000 and EUR 20000,but max. EUR 4000 daily ,because it is Upaycard limit. Also max. monthy withdrawal for Platinum and Infinite tariff cant be EUR 100.000 and EUR 600.000 ,but max. EUR 50.000
You can see Upaycard business card fees and limits on theirs page and compare it with Minexpay tariffs,keeping in mind that Minexpay(until it last,because it uses illegally other company account on Upaycard) will have to arrange theirs limits to Upaycard own limits :
https://www.upaycard.com/limits
What does Borys intend to do with all the ID and bank account numbers and signatures he has accumulated?Selfie with payment card is only needed on some exchanges as a owner verification measure for enabling deposit/withdrawal by using payment cards.
Why Boris is asking for selfies? - He can sell BTCs on Upaycard UAB KRISTOLINIS DUGNAS account and fund user card,but cant do it with MNX coins.If someone wants to fund card through selling MNX coins,Boris needs to change MNX for EUR first and he can do it only at EXMO exchange.
But there is a problem. His cards are non-branded and he is using other shell company to cover illegal doings.He cant open corporate account on EXMO, change directly users MNX and send EUR to theirs cards.
So, he is using provided documents and selfie with card to open accounts on EXMO for every user without theirs knowledge about it.Selfie with card is needed verification measure on EXMO if user wants to withdraw money on his/her card.
Unauthorizedly using customers data to open individual accounts on EXMO for enabling option to withdraw money directly on cards,Boris will cover his tracks in all this mess and if anything goes wrong all blame will be put on individual users.List of Boris illegal doings gets bigger and bigger every day.
https://exmo.com/en/news_view?id=2120
